The Securities and Exchange Commission just charged former McDonald’s CEO Steve Easterbrook on January 9th for with misrepresenting his November 2019 firing, CNBC reports. The outlet notes that Easterbrook has “agreed to a $400,000 fine,” all without admitting or denying the claims, and he “will be barred from serving as an officer or director for any SEC-reporting company” for five years. READ MORE: McDonald’s Is Facing A $10B Lawsuit For Racial Discrimination—Everything We Know So FarThe SEC sued former McDonald’s CEO Steve Easterbrook for misleading investors about inappropriate workplace relationships that led to his firing. https://t.co/aGCB7vRUyh — The Washington Post (@washingtonpost) January 9, 2023What We Know About Former CEO Steve Easterbrook’s FiringIn 2019, the board for the fast food giant fired Easterbrook for a “consensual relationship with an employee,” which violated the McDonald’s fraternization policy. "The Company continues to ensure our values are part of everything we do, and we are proud of our strong ‘speak up’ culture that encourages employees to report conduct by any employee, including the CEO, that falls short of our expectations," McDonald’s said.

Source: Washington Post January 23, 2023 15:11 UTC